Energy News
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Petroleum Ministry Adopts Plan to Increase Oil Production from Sinai, Eastern, Western Deserts
The results of the current procedures improve the efficiency of operations and joint coordination with a number of production companies.
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Ascom’s consolidated losses down 5% YoY in 2022: Egypt
The company is engaged in geological exploration, mining and quarrying of raw materials, and developing mining operations.
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Egyptian Resorts Company to build 50-MVA solar plant in Sahl Hasheesh
The plant will have a capacity of up to 50 megavolt amperes (MVAs) and a total of 10 million kilowatt hours (kWhs) a year.
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Developing countries, including Egypt, have to cut oil subsidies: IMF
Egypt targets a primary surplus of 2.1 per cent of GDP in FY 2023/2024 and 2.3 percent of GDP in FY 2024/2025 and FY 2025/26.
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Egypt's Climate Pioneer emphasizes the financial burden on developing countries
The poorest countries pay the greatest financial cost to protect themselves against the phenomenon and find solutions.
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Egypt, AFD ink document on TFSC Egypt project
The project is carried out in coordination between the environment affairs authority, the Foreign Ministry and the UNDP with a €1.5 million grant.
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Climate investment unit launched at environment ministry
The unit also aims to promote investment in waste recycling and environment tourism, the minister said during her speech at the Senate.
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Egypt's Al-Mashat participates in 2023 Spring Meetings of WBG, IMF in Washington
The Egyptian Minister is scheduled to speak at a number of events and discussion sessions, and to hold a number of bilateral meetings.
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African gas suppliers look to meet Europe’s future LNG demand
Common purchases of gas are available to all EU member states, as well as Ukraine, Moldova, Georgia and the Western Balkans.
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Egypt’s Environment Minister discusses expansion in waste to energy projects with private sector
The minister praised the company’s role as the first partner from the private sector in starting projects to convert waste into electric energy.
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Egypt, Greece emphasize importance of their strategic relations
Greek FM Nikos Dendias and Egyptian Ambassador in Athens Omar Amer asserted the importance of strategic relations between the 2 countries.
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Gold prices in Egypt fall 2% affected by bank certificates high yields
The 21-karat gold price, the most common, recorded EGP 2,165 per gram on Saturday, down by 2% compared to last week’s EGP 2,210 per gram.
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MoPMR Demonstrates Excellence in Complaint Resolution in March
This came during Prime Minister Mostafa Madbouly’s review of the government complaints system’s progress last March.
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Bid announced for exploring and exploiting gold mines in Egypt
Interested companies can access this information starting from April 10th, 2023, through SMCR's website or head office.
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Egypt establishes 1st factory producing electricity from Biogas
The factory also contributes to reducing greenhouse emissions by about 5,000 tons of carbon dioxide.
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Egypt is looking to obtain international license for exporting recycled products
The approval of exporting these products requires obtaining a license from one of the internationally accredited bodies.
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10 Wind MoUs Signed by Egypt in 2022/23
Egypt is anticipated to become a leading wind energy market owing to a series of GW-scale wind and green hydrogen developments underway.
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Two global firms eye building nuclear reactors in Egypt
An American company and a Russia-based firm are intending to submit their offers in Egypt for the establishment of nuclear reactors.
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EBRD, GCF Support 500 MW Wind Farm In Egypt; To Be Largest In Africa
EBRD has issued a loan of up to $100 million for the development, construction, and operation of a new 500 MW onshore wind farm in the Gulf of Suez.
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Egypt, Cyprus Agree to Enhance Cooperation in Energy, Defense
Egypt, Greece, and Cyprus are in an expanded tripartite cooperation mechanism that includes the military and political fields and common interests.